In an econometric model, the dependent variable is
A. unchanging across subsamples.
B. always the wage.
C. the behavior one is trying to explain.
D. also known as the residual.
E. unrelated to the independent variables.
Answer: C
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Which of the following is likely to shift the market demand curve for school textbooks to the right?
A) A fall in the price of school textbooks B) An increase in school tuition fees C) A fall in the total income of all consumers D) An increase in the enrollment rates in high schools
The standard method of determining fair market value is called the comparable sales method
Indicate whether the statement is true or false
When one person knows more than another, it creates a situation:
A. in which the transaction is always regretted. B. called information asymmetry. C. in which the transaction will not occur. D. called information dominance.
Expansionary fiscal policy will
A) shift the aggregate demand curve to the left. B) shift the aggregate demand curve to the right. C) not shift the aggregate demand curve. D) shift the short-run aggregate supply curve to the left.